11:10 - 12.07.2024

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July 12, Fineko/abc.az. The total volume of our investments at the initial stage will be about $2 billion.

ABC.AZ reports that Azerbaijani President Ilham Aliyev said about this on July 11 in Islamabad in a press statement with Prime Minister of Pakistan Muhammad Shahbaz Sharif.

“We gave all the necessary instructions to members of our Cabinet of Ministers. They are already in contact. Tomorrow morning they will meet again before we meet again with my dear brothers in order to review and to analyze the projects. The initial amount of investments, which we're planning to accumulate, as my brother mentioned, is around 2 billion US dollars. We already reviewed several projects in the area of energy, infrastructure, connectivity, and many others including defense industry where we are cooperating very successfully. So, we will build a strong partnership not only on a political level, which we already have, but also on an economic level – trade, investments,” the Azerbaijani president said.

The Pakistani PM said that during today's detailed conversation, an agreement was reached on expanding bilateral trade.

“In today's in-depth conversation, we have agreed to enhance our bilateral trade. We've also discussed areas of joint cooperation and joint investments. And if I may say with your permission, Mr. President, that we have discussed an initial figure of $2 billion dollars in investments in areas of mutually beneficial projects. For that we had initial discussion today and tomorrow, a formal discussion will take place with the teams of the two countries and then hopefully, when I will undertake my visit to your great country in coming November, by then, hopefully both sides will be ready to ink agreements worth $2 billion to start with, and inshallah there is great potential on both sides to really enhance these figures to billions of dollars in years to come. And I'm sure both sides, particularly, the Pakistani side would work overtime to catch up with the speed of brotherly country, Azerbaijan's speed, so that we can actually, you know, materialize this discussion into genuine action,” the Pakistani PM said.